Fortinet (FTNT) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on August 6, 2024, might help the stock move higher if these key numbers are better than expecta ...

In the latest trading session, Fortinet (FTNT) closed at $57.39, marking a +0.68% move from the previous day. This change outpaced the S&P 500's 0.08% gain on the day. On the other hand, the Dow registered a loss of 0.12%, and the technology-centric Nasdaq increased by 0.07%.The network security company's shares have seen a decrease of 5.43% over the last month, not keeping up with the Computer and Technology sector's loss of 4.62% and the S&P 500's loss of 0.21%.Investors will be eagerly watching for the p ...

Fortinet (FTNT) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this network security company have returned -4.6%, compared to the Zacks S&P 500 composite's -1.2% change. During this period, the Zacks Internet - Software industry, which Fortinet falls in, has lost 8.4%. The key question now is: What could be the stock's future directi ...

Fortinet (NASDAQ:FTNT) stock is among the cybersecurity shares investors will want to keep an eye on Friday alongside the CrowdStrike (NASDAQ:CRWD) outage.What appears to be a bad update from CrowdStrike has taken out machines running Microsoft’s (NASDAQ:MSFT) Windows operating systems around the world. This has them displaying a Blue Screen of Death (BSoD) and rendering many inoperable.The issue is far-reaching with several sectors being affected by the CrowdStrike outage. That includes airlines, financial ...

Loading...Loading...CrowdStrike Holdings, Inc.’s CRWD pain has become a gain for its cybersecurity peers and the latter as a group are seen advancing strongly in premarket trading on Friday.Microsoft Corp. MSFT properties experienced a significant outage, causing disruptions for banks, airlines, media companies, and emergency services worldwide. The outage was reportedly caused by an update from CrowdStrike. CrowdStrike’s CEO George Kurtz informed via social-media platform X that the issue has been identifi ...

The recent sell-off of this cybersecurity leader is giving investors a good buying opportunity. As technology gets incorporated into every facet of the modern economy, it's becoming clearer that no company can escape the need for robust cybersecurity protection. Last year, 75% of companies were at risk of a cyberattack, according to Statista. Thanks to its expanding lineup of firewall and security offerings, Fortinet (FTNT 1.29%) has become a leader in protecting these companies from such threats. But Forti ...

The most recent trading session ended with Fortinet (FTNT) standing at $58.79, reflecting a -1.34% shift from the previouse trading day's closing. This change lagged the S&P 500's 0.88% loss on the day. Elsewhere, the Dow gained 0.08%, while the tech-heavy Nasdaq lost 1.95%.Shares of the network security company witnessed a loss of 1.7% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 9.48% and the S&P 500's gain of 5.11%.The investment community will ...

Fortinet (FTNT) announced that it has been selected by KDDI for the new Global Managed SASE Service. KDDI will leverage FTNT’s Unified SASE solution as its core product for the Global SASE Platform Service by Fortinet offering.Fortinet’s Global SASE Platform simplifies and unifies various security standards and policies, which require a highly secure hybrid work environment that can be accessed from anywhere globally. KDDI will combine Fortinet’s services with their KDDI Global IP-VPN, KDDI Wide Area Virtua ...

The cybersecurity specialist has underperformed the broad market recently, but there may be a turnaround on the horizon.Cybersecurity specialist Fortinet (FTNT -1.15%) hasn't been among the best performers on the stock market in the past three years with its 16% return lagging peers such as Palo Alto Networks and CrowdStrike Holdings by a wide margin. What's more, Fortinet stock has underperformed the S&P 500's 28% return over the same period.The situation hasn't improved this year, either, as the cybersecu ...

SUNNYVALE, Calif., July 10, 2024 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ:FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced that KDDI leveraged Fortinet Unified SASE as a new managed secure access service edge (SASE) service. The service from KDDI utilizes Fortinet's industry-leading Unified SASE solution as the core product for its Global SASE Platform Service by Fortinet offering. The Global SASE Platform Service by Fortinet unifies and c ...